Insider Buying: Northland Power Inc. (TSE:NPI) Director Acquires 890 Shares of Stock

Northland Power Inc. (TSE:NPI - Get Free Report) Director Eckhardt Guenter Ruemmler bought 890 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was purchased at an average price of C$21.48 per share, for a total transaction of C$19,120.10.

Northland Power Trading Down 1.5%

Shares of NPI traded down C$0.33 during mid-day trading on Friday, reaching C$21.36. The stock had a trading volume of 555,502 shares, compared to its average volume of 961,463. Northland Power Inc. has a 52-week low of C$16.14 and a 52-week high of C$24.74. The firm has a market cap of C$5.60 billion, a price-to-earnings ratio of -39.13, a P/E/G ratio of 0.71 and a beta of 0.47. The business's fifty day moving average is C$20.19 and its 200 day moving average is C$19.04. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23.

Northland Power Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a $0.10 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.20 annualized dividend and a dividend yield of 5.62%. Northland Power's dividend payout ratio (DPR) is -219.84%.

Analyst Upgrades and Downgrades

Several research firms recently commented on NPI. Cormark downgraded Northland Power from a "moderate buy" rating to a "hold" rating in a research note on Thursday, May 15th. CIBC decreased their price target on shares of Northland Power from C$29.00 to C$28.00 in a research note on Friday, February 28th. Raymond James Financial dropped their price objective on shares of Northland Power from C$30.00 to C$29.00 in a research note on Friday, February 28th. TD Securities increased their price objective on shares of Northland Power from C$23.00 to C$24.00 and gave the company a "buy" rating in a report on Friday, February 28th. Finally, National Bank Financial upgraded Northland Power to a "strong-buy" rating in a report on Sunday, June 8th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Northland Power presently has an average rating of "Buy" and an average target price of C$27.08.

Northland Power Company Profile

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term.

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